MIRA
INFORM REPORT
|
Report Date : |
10.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
KEI INTERNATIONAL LTD |
|
|
|
|
Registered Office : |
#304, 4-14-4 Ginza Chuoku Tokyo 104-0061 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
Mar,1984 |
|
|
|
|
Legal Form : |
Priivate Limited Company |
|
|
|
|
Line of Business : |
Jewelry Processor |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
-- |
KEI INTERNATIONAL LTD
REGD NAME
YK Kei International
MAIN OFFICE
#304, 4-14-4 Ginza Chuoku Tokyo 104-0061 JAPAN
Tel: 03-5817-3280 Fax: 03-5310-1604
*.. The given address is its Branch Office for jewelry wholesaling and retailing
URL
N/A
ACTIVITIES
Jewelry processor
BRANCHES
Taitoku (Tokyo), at the given
address
FACTORY (IES)
At the caption address &
subcontracted
OFFICERS
SEIICHI MIYAHARA, PRES
Yen Amount
In million Yen, unless otherwise
stated
SUMMARY
FINANCES FAIR A/SALES Yen 160 M
PAYMENTS REGULAR CAPITAL Yen 5 M
TREND STEADY WORTH Yen 31 M
STARTED 1984 EMPLOYES 5
COMMENT
JEWELRY PROCESSOR.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR CREDIT ENGAGEMENTS: US$125,000 / O/A 120 DAYS.
MAX CREDIT LIMIT: YEN 3.2 MILLION,
30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The
subject company was established by Seiichi Miyahara in order to make most of
his experience in the subject line of
business. Specializes in
processing jewelry and wholesaling
them. Precious stones and jewelry are
all imported by a group company, Jewel Aki Co Ltd, Tokyo, concurrently managed by S Miyahara (See REGISTRATION
for details).
FINANCIAL INFORMATION
Financials are only partially
disclosed.
The sales volume for 31/03/2006
fiscal term amounted to Yen 160 million, a 6% up from Yen 150 million in the
previous term. The net profit is
reported posted at Yen 3 million. The
firm does not officially disclose the profits.
For the term just ended Mar 2007
the net profit is estimated posted at Yen 3 million, on a 6% rise in turnover,
to Yen 170 million. Business is seen
steadily expanding. Weaker Yen should
have contributed to sales growth in Yen terms.
The financial situation is
considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 3.2
million, on 30 days normal terms. The
proposed amount for 120 days is considered within the firm’s financial
capabilities.
REGISTRATION
Date Registered : Mar
1984
Legal Status : Private Limited Company (Yugen Gaisha)
Regd Capital : Yen 5 million
Major shareholders (%): Seiichi
Miyahara*(100)
*.. Separately owns Jewel Aki Co
Ltd, Tokyo, founded 1997, capital Yen 11 million, turnover Yen 150 million,
employees 1, importer of precious stones & jewelry for exclusive supply to
the subject, which concurrently owned and managed by Seiichi Miyahara.
Regarding your Notes
in the enquiry:
Jewel Aki Co Ltd is a separate and independent entity, no capital relationship, except that it is concurrently owned by Seiichi Miyahara.
The subject has not changed address or corporate name.
The relationship is that both firms are owned by Seiichi Miyahara, with Jewel Aki Co Ltd acting as exclusive importer and supplier of precious stones and materials to the subject.
Note that:
Jewel Aki Co Ltd is operated from
S Miyahara’s home residence, and all business correspondence, mails, packages,
etc are addressed to the caption address.
Nothing detrimental is known as to
his commercial morality.
OPERATION
Activities:
Processor of precious stones into jewelry products, imported by a group firm
Jewel Aki Co Ltd (--100%).
Clients: [Mfrs, wholesalers] Hoya
Corp, other.
No. of accounts: 200
Domestic areas of activities:
Centered in greater-Tokyo
Suppliers: [Wholesaler] imported
wholly by Jewel Aki Co Ltd, its group firm.
Payment record
Regular
Location
Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Mizuho Bank (Ueno)
MUFG (Ueno)
Relations: Satisfactory
FINANCES: (In Million
Yen)
|
Terms Ending: |
|
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
|
|
Annual Sales |
|
170 |
160 |
150 |
160 |
|
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
|
Net Profit |
|
3 |
3 |
2 |
3 |
|
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
|
Net Worth |
|
|
31 |
28 |
26 |
|
|
Capital, Paid-Up |
|
|
5 |
5 |
5 |
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
||
|
S.Growth Rate |
6.25 |
6.67 |
-6.25 |
-5.88 |
||
|
Current Ratio |
|
|
.. |
.. |
.. |
|
|
N.Worth Ratio |
|
.. |
.. |
.. |
||
|
N.Profit/Sales |
1.76 |
1.88 |
1.33 |
1.88 |
||
Note: Financials are only partially
disclosed.
Forecast (or estimated) for the
31/03/2007 fiscal term.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)